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BitGo will provide stablecoin infrastructure support for SoFiUSD and expand institutional distribution
Svmuu News: BitGo announced that its subsidiary, BitGo Bank & Trust, has been selected to provide stablecoin infrastructure services for SoFiUSD and support its distribution. Issued by SoFi Bank, SoFiUSD is the first U.S. dollar-pegged stablecoin issued on a public, permissionless blockchain by a nationally chartered and insured depository bank. BitGo will provide technical and operational infrastructure, as well as institutional access and applications, for SoFiUSD through its “Stablecoin-as-a-Service” platform. (Businesswire)
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